The first non-farm report of Trump’s presidency released on Friday showed that US job growth accelerated in February and the unemployment rate rose slightly to 4.1%, but the increased uncertainty of trade policy and the large-scale layoffs of the US federal government may weaken the resilience of the labor market in the coming months. The seasonally adjusted non-farm payrolls in the United States in February increased by 151,000, less than the expected 160,000. The total number of new jobs in December and January was 2,000 lower than before the revision. In addition, the US unemployment rate in February was 4.1%, higher than the expected 4%, the highest since November 2024. The annual rate of average hourly wages in the United States in February was 4%, lower than the expected 4.1%, and the previous value was revised down from 4.10% to 3.9%; the monthly rate was 0.3%, in line with expectations, and the previous value was revised down from 0.5% to 0.4%.